Orion Energy Systems (NASDAQ:OESX) CEO Sally Washlow Acquires 1,780 Shares

Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Sally Washlow bought 1,780 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were bought at an average price of $9.47 per share, with a total value of $16,856.60. Following the completion of the purchase, the chief executive officer owned 49,259 shares in the company, valued at approximately $466,482.73. The trade was a 3.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Orion Energy Systems Price Performance

NASDAQ OESX opened at $9.57 on Thursday. The stock has a market capitalization of $38.85 million, a price-to-earnings ratio of -10.40 and a beta of 0.79. Orion Energy Systems, Inc. has a 1-year low of $5.50 and a 1-year high of $18.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 1.03. The business’s fifty day moving average price is $9.46 and its 200-day moving average price is $12.08.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Thursday, June 4th. The electronics maker reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53). The firm had revenue of $25.72 million for the quarter, compared to analysts’ expectations of $24.08 million. Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 11.81%. On average, equities analysts predict that Orion Energy Systems, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

OESX has been the subject of several research reports. Wall Street Zen lowered shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings downgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Orion Energy Systems presently has a consensus rating of “Hold” and an average target price of $17.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OESX. North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 29.0% in the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after acquiring an additional 118,100 shares in the last quarter. Sei Investments Co. lifted its holdings in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after purchasing an additional 69,387 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Orion Energy Systems in the fourth quarter worth $706,000. Renaissance Technologies LLC increased its stake in shares of Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 43,693 shares in the last quarter. Finally, Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 9.2% during the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after purchasing an additional 20,400 shares during the period. 52.59% of the stock is currently owned by institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.